| By Bill Bonner Tuesday, June 30, 2020 – Week 16 of the Quarantine In this great future, you can’t forget your past; so dry your tears, I say. – “No Woman, No Cry” by Bob Marley Out with the old; in with the new! Forget the past! Let’s march into a glorious future… blind, deaf, and dumb to everything that came before us! Word reaches us that Princeton University is taking down Woodrow Wilson’s name. It’s about time. Wilson was a scoundrel and a fool. But his name is coming off the letterhead because of his “racist thinking.” Here’s ABC… Princeton University announced the removal of Woodrow Wilson’s name from the University’s School of Public and International Affairs, which will now be known as the Princeton School of Public and International Affairs. And over on the other coast, statues are coming down. From Newsweek: Protesters in San Francisco, California, toppled a statue of Ulysses S. Grant, the 18th president of the U.S. who led the Union Army during the Civil War, among other monuments at Golden Gate Park on Friday. The statues of St. Junipero Serra, the first saint of the Roman Catholic Church to be canonized in the U.S., and Francis Scott Key, the author of the lyrics to “The Star-Spangled Banner,” were also torn down at the park on the same day. And the war against the past continues. Here’s more from Newsweek… On Friday, protesters in Washington D.C. were reported to have torn down a statue of Confederate General Albert Pike and set it on fire near the Washington D.C. police headquarters. Two Confederate monuments were also dismantled Friday in downtown Raleigh in North Carolina, including one which was dragged through the street before being abandoned on the courthouse steps. On Thursday night, a statue of George Washington, the first president of the U.S., was torn down by a group of people in Portland, Oregon. A U.S. flag was seen burning at the head of the statue before it was toppled using a rope. Another U.S. flag was seen burning over the statue after it was pulled to the ground. The statue was spray-painted with the words “genocidal colonist.” | Recommended Link | | SHOCKING WALL STREET REVELATIONS IN THIS VIDEO… I’m not saying anybody has done anything illegal here… But I have discovered some things that we need to take a deeper look at. I’ll bring everyone up to speed on what my team and I uncovered. We’ve isolated a data feed that tips us off. Let me think of the best way to put it. This feed tips us off… It tips us off to waves of dark capital that flow hidden from sight… They have their own channels deep beneath the surface of the market. – Hedge fund legend Teeka Tiwari, being interviewed by Fernando Cruz | | | -- | Devil or Saint? Okay… Pike, fighting for the South – obviously a “racist.” And George Washington, one of the richest men in the colonies… well… he was obviously a bad man. No doubt about it. But dear readers might wonder WTF Spanish missionary St. Junipero Serra had done to attract the ire of the history-scrubbers. We had to look it up, which took us to the National Catholic Register… Ben Leaños of the nearby town of Camarillo, one of those demanding the removal of the statue, stated: “We’ve been seeing around the country and the world statues of racist and genocidal people being taken down and we think it’s time that happens in Ventura.” That’s right. If others are doing it, we should too! Why Did The Wall Street Journal Hide This From You?! Serra tried to help the indigenous people of California by setting up missions. That’s why the major cities of the state are named for saints – San Diego, Santa Barbara, San Francisco – and not the pagan tribes who lived there. But was Serra a devil or a saint? We don’t know. We never met the man. So we’d give him the benefit of the doubt. | Recommended Link | Her Back Was Against the Wall B.J. and her husband had lost a good chunk of their retirement plan and life savings to fraud. They were in a tough position. With her back against the wall, B.J. turned to Wall Street legend Teeka Tiwari in 2016. And her life changed virtually overnight… In a good way. Teeka's recommendations helped B.J. turn a small stake into north of $1 million in 18 months. She wants you to meet the man behind her success. And hear his next big idea. | | | - | No Doubt But doubt is not something the monument-topplers will tolerate. After 5,000 generations of humans on Planet Earth, finally, they’ve got The Truth. So, hooray! Now, we can feel superior to our fathers, our grandfathers… and all of those many generations who erred and strayed like lost sheep. Now, we are free from our sordid past… like a new species, brought forth only in the 21st century. Now, we bathe in the bright, warm light of TODAY… unlike the morons who came before us. What kind of idiots would put up a monument to Christopher Columbus? Didn’t they know that Columbus was a crypto-fascist, patriarchal, white-privileged imperialist, at least partially responsible for millions of deaths (from European diseases) in the New World? But that’s the point. They didn’t know. But now, we do, thanks to the many savants who walk among us… many of them carrying ropes and spray paint. This top financial expert just returned from a private meeting with members of the Senate Financial Services Committee… It is as if the millennial generation had suddenly gained 20 IQ points. And now, with the internet, they go online and, in seconds, discover just what low-lifes and fools their ancestors were. What kind of dumbbells would elect George Washington as their president, they ask themselves? Or Thomas Jefferson – he was a “rapist;” at least, that’s the rap laid on him by today’s all-knowing activists. And what about the two Adams, John and John Quincy? Weren’t they New England’s white privilege in the flesh? Bleaching History Yes, Dear Reader, we are so lucky to be living now, rather than back then, when humans had tails. Now, our voters walk upright and our presidents are paragons of wit, charm, and virtue… with none of the taint of sin and ignorance that marred the past. Now, with knowledge at our fingertips and our hearts overflowing with goodness, like a clogged sewer, we can get out the brushes and soap and wash away the stains of colonialism, male domination, fascism, sexism, institutional racism, gold-backed money, mullets, and all the other things we no longer like. We can bleach our history… and, with the help of the public schools, make sure that no one ever comes in contact with those bad ideas again. And, with the help of the Federal Reserve, we can print the money we need to right the wrongs of the past… shut down the economy to protect us from COVID-19… and otherwise make the world a better place. (What is really stunning is that our ancestors never realized the magic they could do by printing trillions of dollars. They must have been even dumber than we thought.) | Recommended Link | An Urgent Briefing Dan Denning here, Bill Bonner's longtime colleague. This is the most dangerous – and potentially profitable – market that could come around in our lifetime. Bill and I teamed up with some of the brightest investment minds who appear to have predicted exactly what's happening right now… …and who are showing their readers how to make (or preserve) money, instead of losing it in the midst of what could be the worst crisis of our lifetime. To hear from these experts, and find out what you can do to profit, click here to read Bill's urgent briefing. | | | - | Today’s Heroes So, let’s begin by applauding our heroes. Not the nurses and doctors. Not the “warriors” in Iraq or Afghanistan. Not the old fuddy-duddies in bronze or granite. We’re talking about today’s heroes – the protestors. They’re right. It’s high time we gave the statues the heave-ho. Lincoln, Wilson, both Roosevelts – rascals and scalawags, every one of them. Take them all down! But Padre Serra… Robert E. Lee… Chief Justice Taney… Ulysses S. Grant? Nobody is perfect. All are stained by sin and indelibly marked by the waters in which they swam. As far as we can tell, they were decent men who conducted themselves with grace and courage in difficult circumstances. Would any of us have done better? Regards, Bill
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FEATURED READS Federal Reserve Warns of Economic Uncertainty
Parts of the United States are reopening after severe coronavirus lockdowns this spring. But Federal Reserve Chair Jerome Powell suggests there is great economic uncertainty to follow, along with many new challenges. And he warns that a full recovery is unlikely until people are confident it is safe to be out and about… An Update on 10-Year U.S. Treasurys
Diary analyst Houston Molnar last covered 10-Year Treasurys in March, when yields reached a record low due to investor panic. Here, MarketWatch offers an update. MAILBAG Bill’s beat at the Diary is money. But one dear reader thinks he should worry more about coronavirus research right now… You, like many others, are under the mistaken impression that having antibodies to COVID-19 grants one immunity to the disease. Not true. This virus is unlike anything we have seen before. Four crew members of the Theodore Roosevelt aircraft carrier, who had contracted the virus and then tested negative in two consecutive tests after recovering, were re-infected after returning to duty. The medical community has no idea whether the antibodies are conveying immunity to anyone. Bone up on your research and don’t worry so damned much about the economy. – Dale A. Over the past few weeks, Bill has written extensively on the harms of the Universal Lockdown. He says as long as the most vulnerable are protected through personal stay-at-home measures, the rest of the economy should continue business as usual. One dear reader disagrees… while another says it’s spot on… People get over it! YEP! But there seems to be a lot of long-term aftereffects upon lungs and circulatory systems. Not so good! Several countries shut down abruptly and, until things came under control, their current statistics are quite admirable. To say that our “shutdown” worked quite well… well, it didn’t, thanks to the leadership of our dictator. He opened the economy too soon, violated mask usage, set negative examples of how to deal with the virus, and so on. – Allan H. Bill said, “…pumping the oxygen of free money (aka debt) into withered lungs.” More like carbon monoxide. What makes CO so deadly is that the body doesn’t know the difference between that and oxygen. It seems fine to the victim until he expires. – Dan C. Meanwhile, others contribute to the ongoing conversation surrounding the Black Lives Matter movement and reparations… The reason that “All Lives Matter” is dismissive of “Black Lives Matter” and deeply offensive is that black lives are, in fact, in danger all day, every day, and white lives are not. And every single one of us knows this. You are a racist if you claim not to get this. – Martha B. Yes, it is dismissive to use the phrase “All lives matter.” You don’t interrupt a funeral as a mother tells of how special her deceased child was to interject how special your child is. If you want to end racism, issue a tax penalty for children born to parents of the same race and a deduction for mixed-race children. Eventually, all will be mixed race and the ignorance can end. – Brett W. I always appreciate Bill’s writing, even if I don’t always agree, because it makes me think. I imagine that is precisely Bill’s point. The reason I’m writing is to take issue with a couple of reader responses regarding the BLM movement and reparations. One comes from Suzanne L. She disagrees with “All Lives Matter” because it detracts from the BLM movement’s message. She says that “police assault and blatantly kill black lives so much more than white lives.” That is factually correct, but it is also misleading. If you make the comparison between black and non-black, the police kill more non-black people than black. Even that information forms a pretty simplistic conclusion, so I encourage everyone to do more research to see where the real problems are. It isn’t just about race… It’s about the human race. – Tom C. I am certain that these actions taken by the Marxist minions of the Left will set race relations back 75 years. As for me, I could care less. My family suffered under Mussolini for a time before coming here to start a new life. With a few hundred dollars, no English, and determination, they built businesses, thrived, and raised seven children to be productive patriots that love America. God Bless America! – Vince B. Is America’s rising coronavirus infection rate the fault of The Donald, as Allan believes? Will race relations be negatively affected by progressive actions, like Tom argues? Write us at feedback@rogueeconomics.com. IN CASE YOU MISSED IT… You Can't Make This Stuff Up (He Wasn't Supposed to See This…) At a closed-door meeting in Cambridge, Jeff Brown witnessed something he wasn't supposed to see. Top industry officials and key tech executives (including the chief scientific officer of a mysterious small-cap) were in attendance. Though he can't reveal exactly what happened… He now says this small-cap could be a millionaire-maker with extraordinary gains up to 1,000% in one day. It's happened before. For instance: HLS: 379% TGTX: 566% ATNM: 900% VBIO: 1,150% HROW: 1,288% And over the next 12 months, gains of 3,277%, 5,940%, or 10,645% are not out of the question – starting as soon as 9:30 AM tomorrow. Get the details before it's too late. 
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